tender

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Tender

To offer for delivery against futures.

Tender

1. To agree to take an offer.

2. To bid for U.S. Treasury securities.

3. To settle.

tender

To offer a security for sale to a party that is making an offer to buy it. For example, a stockholder may decide to tender shares to the issuing firm as part of the company's buyback. See also hedged tender.

tender

  1. an invitation from a buyer who requires particular goods or services to prospective suppliers of those products to put in competing price bids. The buyer will usually detail the precise specifications of the product, and will make a final decision about which supplier's bid to accept on the basis of comparative price and how well bids match up to the stated requirements. See QUOTATION, definition 1.
  2. a means of making a SHARE ISSUE by offering shares to the general public, who are invited to make a bid for shares, subject to a minimum bid price. The issue price of the shares is determined by averaging out the bid prices offered by prospective purchasers. Anyone making a bid which is below the final issue price will not be offered any shares, whilst those making a bid at or above the price will be allotted shares in full at the final price.

    Tenders may be similarly used to sell other financial securities such as TREASURY BILLS.

tender

  1. an invitation from a buyer who requires particular goods or services to prospective suppliers of those products to put in competing price bids. See COMPETITIVE TENDERING.
  2. a means of making a SHARE ISSUE by offering shares to the general public who are invited to make a bid for shares, subject to a minimum bid price. The issue price of the shares is determined by averaging out the bid prices offered by prospective purchasers. Anyone making a bid that is below the final issue price will not be offered any shares, while those making a bid at or above the issue price will be allotted shares in full at the final price.
Tenders may be similarly used to sell other financial securities such as TREASURY BILLS.

See TENDER ISSUE.

tender

An offer to perform a contract,with the present ability to do so.The term is important when parties dispute the amount due on a debt. Usually, the debtor tenders payment in full, but the payment is refused by the creditor because of an assertion that more is due and the creditor will not accept a partial payment. Because there was a tender, if it is later determined the debtor's calculations were accurate, the debtor will owe no additional interest, costs, fees, or expenses.

References in periodicals archive ?
This news release contains forward-looking statements which reflect management's current views of future events and operations, including, but not limited to, statements pertaining to Open Solutions' plan to pay the tender consideration for Notes validly tendered and not withdrawn.
Subject to the terms and conditions of the tender offer, NewMarket will, at such time after the Expiration Date (the "Final Acceptance Time"), accept for purchase all the Notes validly tendered prior to the Expiration Date (or if NewMarket has exercised its early purchase option described above, all the Notes validly tendered after the Early Acceptance Time and prior to the Expiration Date).
Shareholders who deposited common shares in the tender offer at or below the purchase price will have all their tendered common shares purchased, subject to certain limited exceptions.
Each tender offer is conditioned upon the satisfaction of certain conditions, including, among other things, there being validly tendered and not withdrawn at least a majority in aggregate principal amount of the outstanding Notes of each applicable series and the receipt of the requisite consents for each applicable series of Notes, execution of the applicable supplemental indenture providing for the applicable proposed amendments and the consummation of the merger pursuant to the previously announced Agreement and Plan of Merger, dated as of September 15, 2006, by and among Freescale, Firestone Holdings LLC and Firestone Acquisition Corporation.
Each holder who validly tenders its Notes and delivers consents on or prior to October 16, 2006 (the "Early Tender Date") shall be entitled to a consent payment, which is included in the total consideration discussed above, of $30 for each $1,000 principal amount of Buffets Notes or $30 for each $1,000 principal amount at maturity of Buffets Holdings Notes, tendered by such holder if such Notes are accepted for purchase pursuant to the applicable tender offer.
Dollar Financial Group's obligation to accept for purchase, and to pay for, Notes validly tendered and not withdrawn pursuant to the tender offer and the consent solicitation is subject to the satisfaction or waiver of certain conditions, including the receipt of sufficient consents with respect to the proposed amendments to the indenture and the securing of sufficient financing for the purchase of the Notes and related fees and expenses.